Hollywood can breathe a sigh of relief. IATSE has officially signed a new three-year deal with the Alliance of Motion Picture and Television Producers, after members ratified the latest film and TV contracts by a comfortable margin.
Hollywood strike averted after IATSE, AMPTP reach agreement on new film and TV
Despite some concerns during the voting process that the artificial intelligence provisions could be a sticking point for some members, the Basic Agreement received an 85.9% approval rate, while the Area Standards Agreement received 87.2% approval.
The contracts will begin on August 1. The union says voter turnout was “historically high,” with a majority of members participating.
“IATSE’s rank-and-file members have spoken, and their will is clear. Among them are significant wage increases alongside several craft-specific adjustments, enhanced health/retirement benefits with new funding mechanisms, improved safety provisions, critical protections to prevent the misuse of artificial intelligence from displacing IATSE members, and more,” IATSE International President Matt Loeb said in a statement. “The gains achieved through these contracts represent a significant step forward for the American film and television industry and its workers. This outcome shows that our members are in agreement, and now we must build on what these negotiations have achieved.”